Converting DOT to other currencies
Convert fiat currency to DOT tokens with Beaxy. Follow the easy steps to place the purchase right in the converter. Enter the sum and currency you need, choose the digital asset you wish, and click Buy. The purchase will be completed in a few moments.
DOT is a native token of the Polkadot network. Its key role lies in operating and governing the Polkadot network and creating new parachains. As a DOT holder, you will have several benefits. At first, you can act as a validator, collator, nominator, or fisherman. Also, you have the right to participate in the network governance and, more importantly, in the decision-making process concerning global upgrades or changes to Polkadot questions.
DOT token was launched in October 2017, and Polkadot released 10 mln tokens into circulation via an initial coin offering. There is no strict limit on the total DOT supply. New tokens are constantly issued according to the predetermined annual inflation rate of 10 percent. The 24-hour trading volume of Polkadot is $350,157,353. DOT had an all-time low of $2.70 on Aug 20, 2020, and the highest price was $54.98 on Nov 04, 2021. According to the statistics, the current DOT volume is divided into the following shares: 58.4% of the tokens are held by investors, the Web3 Foundation company owns 11.6%, and finally, 30% are held by founders.
To buy tokens on Beaxy, you must first create an account, verify documents, and deposit funds. The procedure is straightforward. You can work with the web platform or mobile application, which is available for Android and iOS. We support several payment methods, including debit and credit cards and wire transfers. You can use dollars, euros, pounds, and yen to buy cryptocurrency. With Beaxy, your funds are stored securely, thanks to institutional grade custody. We provide everything you need for successful trading: price predictions with a 70% win rate, prebuilt technical analysis, timeframes, and targets that work. Focus on your results, and Beaxy will take care of the technical side.